AllianceBernstein National Municipal Income Fund

AFB

Market cap $321M

NEW YORK, June 26, 2026 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a registered closed‑end investment company, today announced earnings for the Fund's second fiscal quarter ended April 30, 2026. Total net assets of the Fund* on April 30, 2026 were $345,321,589 as compared with $347,515,671 on January 31, 2026 and $337,926,439 on April 30, 2025.

NEW YORK, June 22, 2026 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of May 31, 2026. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) San Francisco Intl Airport Series 2026-2 5.50%, 05/01/55 3.69 % 2) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 2.14 % 3) Commonwealth of Massachusetts Series 2025-2 5.00%, 01/01/54 1.99 % 4) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 1.96 % 5) Oklahoma Turnpike Authority Series 2023 4.50%, 01/01/53 1.96 % 6) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 1.89 % 7) State of Hawaii Airports System Revenue Series 2025-2 5.50%, 07/01/54 1.85 % 8) City of Atlanta GA Department of Aviation Series 2025-2 5.50%, 07/01/55 1.85 % 9) Metropolitan Washington Airports Authority Aviation Revenue Series 2025-2 5.50%, 10/01/55 1.85 % 10) Worthington City School District Series 2025-2 5.50%, 12/01/54 1.84 % Sector/Industry Breakdown Portfolio % Revenue Airport 14.86 % Health Care - Not-for-Profit 11.02 % Revenue - Miscellaneous 7.04 % Toll Roads/Transit 5.88 % Industrial Development - Airline 5.16 % Prepay Energy 4.61 % Primary/Secondary Ed.

NEW YORK, June 22, 2026 /PRNewswire/ -- The AllianceBernstein Closed-End Funds declared the following distributions today: FUND NAME AND DISTRIBUTIONS EX-DATE RECORD DATE PAYMENT DATE AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) 7/2/2026 7/2/2026 7/17/2026 $0.0655 per share of investment income AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) 7/2/2026 7/2/2026 7/17/2026 $0.05018 per share of investment income The Funds are managed by AllianceBernstein L.P. View original content:https://www.prnewswire.com/news-releases/alliancebernstein-closed-end-funds-announce-distribution-rates-302806687.html SOURCE AllianceBernstein Closed-End Funds

NEW YORK, May 22, 2026 /PRNewswire/ -- The AllianceBernstein Closed-End Funds declared the following distributions today: FUND NAME AND DISTRIBUTIONS EX-DATE RECORD DATE PAYMENT DATE AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) 6/4/2026 6/4/2026 6/26/2026 $0.0655 per share of investment income AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) 6//4/2026 6/4/2026 6/26/2026 $0.05018 per share of investment income The Funds are managed by AllianceBernstein L.P. View original content:https://www.prnewswire.com/news-releases/alliancebernstein-closed-end-funds-announce-distribution-rates-302780262.html SOURCE AllianceBernstein Closed-End Funds

NEW YORK, May 22, 2026 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of April 30, 2026. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) San Francisco Intl Airport Series 2026-2 5.50%, 05/01/55 3.72 % 2) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 2.16 % 3) Commonwealth of Massachusetts Series 2025-2 5.00%, 01/01/54 2.00 % 4) Oklahoma Turnpike Authority Series 2023 4.50%, 01/01/53 1.97 % 5) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 1.96 % 6) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 1.91 % 7) State of Hawaii Airports System Revenue Series 2025-2 5.50%, 07/01/54 1.87 % 8) City of Atlanta GA Department of Aviation Series 2025-2 5.50%, 07/01/55 1.86 % 9) Worthington City School District Series 2025-2 5.50%, 12/01/54 1.85 % 10) Metropolitan Washington Airports Authority Aviation Revenue Series 2025-2 5.50%, 10/01/55 1.85 % Sector/Industry Breakdown Portfolio % Revenue Airport 13.65 % Health Care - Not-for-Profit 11.04 % Revenue - Miscellaneous 7.51 % Toll Roads/Transit 5.89 % Industrial Development - Airline 5.17 % Prepay Energy 4.63 % Primary/Secondary Ed.

NEW YORK, May 11, 2026 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) and AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (each a "Fund"), each announced today that at in-person meetings of the Board of Directors (the "Board") held on May 5-7, 2026, the Board voted unanimously approved a new investment advisory agreement and interim investment advisory agreement with AllianceBernstein L.P. (the "Adviser") containing identical terms to those in the current advisory agreement.

NEW YORK, April 27, 2026 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of March 31, 2026. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) San Francisco Intl Airport Series 2026-2 5.50%, 05/01/55 3.68 % 2) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 2.09 % 3) Commonwealth of Massachusetts Series 2025-2 5.00%, 01/01/54 1.98 % 4) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 1.92 % 5) Oklahoma Turnpike Authority Series 2023 4.50%, 01/01/53 1.86 % 6) State of Hawaii Airports System Revenue Series 2025-2 5.50%, 07/01/54 1.85 % 7) Metropolitan Washington Airports Authority Aviation Revenue Series 2025-2 5.50%, 10/01/55 1.84 % 8) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 1.84 % 9) City of Atlanta GA Department of Aviation Series 2025-2 5.50%, 07/01/55 1.83 % 10) Worthington City School District Series 2025-2 5.50%, 12/01/54 1.83 % Sector/Industry Breakdown Portfolio % Revenue Airport 13.48 % Health Care - Not-for-Profit 10.98 % Revenue - Miscellaneous 7.17 % Toll Roads/Transit 5.73 % Industrial Development - Airline 5.10 % Prepay Energy 4.58 % Primary/Secondary Ed.

NEW YORK, April 27, 2026 /PRNewswire/ -- The AllianceBernstein Closed-End Funds declared the following distributions today: FUND NAME AND DISTRIBUTIONS EX-DATE RECORD DATE PAYMENT DATE AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) 5/7/2026 5/7/2026 5/15/2026 $0.0655 per share of investment income AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB)    5/7/2026 5/7/2026 5/15/2026 $0.05018 per share of investment income The Funds are managed by AllianceBernstein L.P. View original content:https://www.prnewswire.com/news-releases/alliancebernstein-closed-end-funds-announce-distribution-rates-302754610.html SOURCE AllianceBernstein Closed-End Funds

NEW YORK, April 17, 2026 /PRNewswire/ -- On March 26, 2026, Equitable Holdings, Inc. ("EQH"), the holder of a majority of the partnership interests in AllianceBernstein L.P. (the "Adviser"), the investment adviser to AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) and AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (each a "Fund" and collectively, the "Funds"), and the indirect parent of AllianceBernstein Corporation, the general partner of the Adviser, and Corebridge Financial, Inc. ("Corebridge") announced that they have entered into a definitive agreement to merge (the "Transaction").

We review the CEF market valuation and performance through the first week of April and highlight recent market action. Closed-end funds rebounded, with discounts tightening to historic averages as all sectors finished in the green except MLPs. Gabelli Equity CEF launched an unusual 10:1 rights offering with a fixed subscription price, later reduced to $5, causing discount widening.